Liquidation Archives - CFO

Don’t Wait to Wind Down ‘Zombie’ Subsidiaries

Don’t Wait to Wind Down ‘Zombie’ Subsidiaries

Among the risks of delaying: former executives may remain exposed to various legal claims or personal liability.

By Gene Kohut | December 21, 2020

How to Respond When Your Banker Requests a Visit

Working Capital

How to Respond When Your Banker Requests a Visit

Borrowers should not be surprised when their lender requests a “checkup,” financial review, or audit.

By Vincent Ryan | August 10, 2020

Pier 1 to Liquidate After 58 Years in Business

Credit & Capital

Pier 1 to Liquidate After 58 Years in Business

"This is not the outcome we hoped for when we began [the Chapter 11] process, and we are deeply saddened to move forward with winding down Pier 1."

By Matthew Heller | June 1, 2020

Yuma Energy Files for Bankruptcy, Plans to Liquidate

Credit & Capital

Yuma Energy Files for Bankruptcy, Plans to Liquidate

The company is planning to operate during the court-supervised bankruptcy process.

By Lauren Muskett | April 17, 2020

Modell’s Joins Sporting Goods Bankruptcy Parade

Credit & Capital

Modell’s Joins Sporting Goods Bankruptcy Parade

The 131-year-old company cited the “extremely challenging” retail environment in announcing it would pursue a Chapter 11 liquidation of all its 134 stores.

By Matthew Heller | March 12, 2020

Fred’s to Close All Stores in Chapter 11 Bankruptcy Liquidation

Credit & Capital

Fred’s to Close All Stores in Chapter 11 Bankruptcy Liquidation

The discount retailer has been reporting yearly losses since 2015.

By Lauren Muskett | September 9, 2019

Payless to File Bankruptcy, Shutter U.S. Stores

Payless to File Bankruptcy, Shutter U.S. Stores

A Chapter 11 filing would be the second for the shoe retailer in less than two years amid heavy debt and online competition.

By Matthew Heller | February 18, 2019

Chairman Lampert Wins Auction to Save Sears

Chairman Lampert Wins Auction to Save Sears

The bankrupt retailer's "hand has not changed and the cards it holds are not winning ones," an analyst says.

By Matthew Heller | January 17, 2019

Toys R Us Collapse Weighs on Hasbro Results

Financial Performance

Toys R Us Collapse Weighs on Hasbro Results

Hasbro's shares rally as executives assure Wall Street they are "working aggressively around the world to put the impact of Toys R Us behind us."

By Matthew Heller | April 23, 2018

Toys R Us Liquidation Dashes ‘New Era’ Hopes

Corporate Finance

Toys R Us Liquidation Dashes ‘New Era’ Hopes

The bankrupt retailer says it will shut down all its U.S. stores after a disastrous holiday season thwarted its turnaround effort.

By Matthew Heller | March 15, 2018

Bebe Stores to Shut Down All of Its Locations

Bebe Stores to Shut Down All of Its Locations

A shift to online-only operations may be an option for the women's clothing chain, which has lost money for four straight years..

By Matthew Heller | April 21, 2017

Sports Authority Sues Dozens of Suppliers

Sports Authority Sues Dozens of Suppliers

The suits seek to resolve a dispute between the insolvent retailer and its consignment vendors over $85 million worth of goods on its shelves.

By Matthew Heller | March 16, 2016

What’s the Difference? Liquidation vs. Dissolution

What’s the Difference? Liquidation vs. Dissolution

An anomaly described in a recent IRS ruling says there is a big, but subtle, difference.

By Robert Willens | February 20, 2008

Corporate Finance

A Dirty Word?

"Partial liquidation" doesn't sound so bad to shareholders who have enjoyed the tax benefits.

By Linda Corman | July 1, 1997